Honda Siel Power Products rose 3.32% to Rs 1,255.35 at 10:00 IST on BSE after Reliance Mutual Fund bought bulk shares of the company via stock exchanges mechanism yesterday, 10 August 2016.
Meanwhile, the S&P BSE Sensex was up 21.11 points or 0.08% at 27,795.99.
On BSE, so far 509 shares were traded in the counter as against average daily volume of 2,854 shares in the past one quarter. The stock hit a high of Rs 1,274 and a low of Rs 1,225 so far during the day. The stock had hit a 52-week high of Rs 1,422 on 29 December 2015. The stock had hit a 52-week low of Rs 1,052.50 on 8 September 2015. The stock had underperformed the market over the past one month till 10 August 2016, sliding 0.41% compared with 2.39% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 2.99% as against Sensex's 7.77% rise.
The small-cap company has equity capital of Rs 10.14 crore. Face value per share is Rs 10.
Reliance Capital Trustee Co Ltd A/C MF bought 1.28 lakh shares of Honda Siel Power Products at an average price of Rs 1,215 per share in a bulk deal on the BSE. Reliance Mutual Fund bought 2 lakh shares at an average price of Rs 1,215 per share in a bulk deal on the NSE.
Honda Siel Power Products' net profit rose 6.3% to Rs 15.36 crore on 4.4% growth in net sales to Rs 190.20 crore in Q4 March 2016 over Q4 March 2015.
Honda Siel Power Products is a manufacturer of power products and is a subsidiary of Honda Motor Co. Japan.
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